Pearson Sells Last 25% of PRH to Bertelsmann

U.K.-based publisher Pearson is selling its last shares in Penguin Random House, representing 25% ownership of the company, to Germany's Bertelsmann, which will now have 100% ownership of the company. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2019-12-18 05:00:00 UTC ]
News tagged with: #pearson

Other Publishing stories related to: 'Pearson Sells Last 25% of PRH to Bertelsmann'

Germany’s Bertelsmann Reports a Half-Year Decline at PRH; Dohle Messages Staff

'Underlying operating revenue and profit numbers for Penguin Random House in US dollars have been stable year-over-year,' Markus Dohle tells PRH staff, following the half-year report from Bertelsmann. The post Germany’s Bertelsmann Reports a Half-Year Decline at PRH; Dohle Messages Staff... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-08-30 00:00:00 UTC ]
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PRH sells Sam Copeland's debut in 17 languages

Penguin Random House Children’s has sold Charlie Changes Into a Chicken, the debut children’s book by literary agent Sam Copeland, in 17 languages. Continue reading at The Bookseller

[ The Bookseller | 2018-08-30 00:00:00 UTC ]
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Pearson returns to profit, PRH revenue up 'slightly'

Pearson has returned to profit a year after posting its biggest ever loss, at the same time as announcing it is putting its K12 school courseware business up for sale. Continue reading at The Bookseller

[ The Bookseller | 2018-02-24 00:00:00 UTC ]
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Pearson to sell Wall Street English for $300m

Pearson has agreed to sell its English language business Wall Street English (WSE) to a group of funds affiliated with Baring Private Equity Asia and CITIC Capital for $300 (£225m). Continue reading at The Bookseller

[ The Bookseller | 2017-11-28 00:00:00 UTC ]
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Pearson raises profit forecast, PRH sales down 'slightly'

Pearson is expecting its full-year operating profit to come in at the top half of its forecast range, it revealed while giving its third quarter trading update. Continue reading at The Bookseller

[ The Bookseller | 2017-10-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #prh sales #top half

PRH Nine-Month Sales 'Down Slightly,' Pearson Says

Pearson attributed the small sales decline to what are now familiar trends--stable sales of print and audio offset by modest declines in ebook sales. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-10-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #pearson attributed #ebook sales

Pearson sells Global Education to Puxin for £62m

Pearson has completed the sale of language training subsidiary Global Education in a deal worth $80m (£62m). Continue reading at The Bookseller

[ The Bookseller | 2017-08-17 00:00:00 UTC ]
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Pearson to sell 22% stake in Penguin Random House

Pearson has agreed to sell 22% of its stake in Penguin Random House (PRH) to co-shareholder Bertelsmann, valuing the publisher at $3.55bn (£2.76bn). The deal means Bertelsmann will increase its control over the publisher, owning a 75% stake, while Pearson will own the remaining 25%. The deal is... Continue reading at The Bookseller

[ The Bookseller | 2017-07-11 00:00:00 UTC ]
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Pearson sells slice of Penguin for $1bn

The beleaguered FTSE 100 firm strengthens balance sheet by selling a 22% stake to Bertelsmann in deal valuing the publishing giant at $3.55bn Pearson has sold a 22% stake in Penguin Random House, the world’s biggest publisher, with titles ranging from Fifty Shades of Grey, Jamie Oliver and The... Continue reading at The Guardian

[ The Guardian | 2017-07-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #deal valuing #publishing giant #biggest publisher #titles ranging #fifty shades #jamie oliver #profit warnings

Pearson sells 22% stake in Penguin Random House

Shares in the publishing firm rise after it says the sale will raise about $1bn (£776m). Continue reading at BBC News

[ BBC News | 2017-07-11 00:00:00 UTC ]
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Bertelsmann Ups PRH Stake to 75%

Bertelsmann has agreed to buy a 22% stake in Penguin Random House that will generate about $1 billion for Pearson, which will still have a 25% stake in the trade publishing giant. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-07-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #22% stake #$1 billion

Acquisition Notes: PRH Buys Out of Print; Germany’s Bertelsmann Buys WhiteCloud

PRH's acquisition will expand the international reach of merchandiser Out of Print. And Bertelsmann Education Group expands with WhiteCloud Analytics. The post Acquisition Notes: PRH Buys Out of Print; Germany’s Bertelsmann Buys WhiteCloud appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-06-08 00:00:00 UTC ]
More news stories like this | News stories tagged with: #prh buys #international reach

Pearson Plans More Cuts, May Sell School Group

Pearson said it has plans to further reduce costs by $300 million, and it is also reviewing its strategic options for the K-12 courseware business. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-05-08 00:00:00 UTC ]
More news stories like this | News stories tagged with: #pearson plans #reduce costs #$300 million #strategic options

PRH Gives Pearson Profit of 129 Million Euros

Despite a decline in sales at Penguin Random House in 2016, the world's largest trade publisher delivered 129 million euros in operating profit to its parent company, Pearson. The sum marks a 43% increase over its profit contribution from 2015. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-02-24 00:00:00 UTC ]
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Pearson to Sell Stake in Penguin Random House

Faced with worse-than-expected results in its North American higher education publishing business, Pearson said this morning that it is putting its 47% stake in Penguin Random House up for sale. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-01-18 00:00:00 UTC ]
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Pearson to sell its stake in Penguin Random House

Pearson intends to sell its 47% stake in Penguin Random House and will be issuing an "exit notice" to its joint venture partner Bertelsmann, which holds a majority 53% stake in the group. Bertelsmann has responded by saying it is "open" to increasing its share in the world’s biggest trade... Continue reading at The Bookseller

[ The Bookseller | 2017-01-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #47% stake #financial terms

PRH to sell Penguin Singapore and Malaysia for £4.5m

PRH has signed a conditional agreement to sell Penguin Singapore and Penguin Malaysia to Times Publishing, an Asia-Pacific media group owned by parent company Fraser and Neave. Continue reading at The Bookseller

[ The Bookseller | 2017-01-10 00:00:00 UTC ]
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Emmis Sells Texas Monthly for $25 Million

Paul Hobby, whose family once owned the Houston Post, purchases magazine. The post Emmis Sells Texas Monthly for $25 Million appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-10-18 00:00:00 UTC ]
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PRH Had 'Solid' First Half, Pearson Says

Pearson, which has a 47% stake in Penguin Random House, reported that Increased benefits from the integration of Penguin and Random House offset "reduced demand" for ebooks. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-07-29 00:00:00 UTC ]
More news stories like this | News stories tagged with: #47% stake